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Knox & Co. Advises Alton Steel, Inc. in Debt Recapitalization.

WESTPORT, Conn. -- Knox & Co., and its subsidiary, Knox Securities Corp. ("Knox & Co."), a leading investment bank for middle-market and cross-border mergers and acquisitions announced today that it acted as exclusive financial advisor to Alton Steel, Inc. ("ASI") in connection with its debt recapitalization, including the refinance of its senior loan facility with Wells Fargo Business Credit. Knox advised on an optimal capital structure to better utilize the assets of ASI, increasing the facility and implementing a term loan portion to facilitate the company's continued growth. Knox has completed over 15 assignments in the metals industry.

Using a high-powered electric arc furnace coupled with a ladle metallurgy facility, Alton Steel continuously casts semi-finished carbon and alloy steel billets and slabs in various sizes and grades for use in its bar mill or for commercial sale as semi-finished product. Internally, the carbon and alloy steels are rolled to exacting SBQ standards, where special chemistries, sizes and physical attributes differentiate it from MBQ which can also be produced on the mill for less demanding applications. The company, which has the capacity to make 700,000 tons of steel annually, is located in Alton, Illinois.

Knox & Co. is an investment banking, consultancy and advisory firm specializing in two complementary advisory disciplines: Investment Banking and Corporate Reorganization. The firm undertakes assignments throughout North America and abroad. Knox & Co. conducts its securities-related business through its wholly owned subsidiary, Knox Securities Corp., member FINRA. In addition, the firm enjoys strategic alliances with major Asian financial institutions, including Mitsubishi UFJ Securities Co., Ltd.

Knox & Co. ( has advised on more than 150 middle-market merger and acquisition and financial advisory assignments since its inception.
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Publication:Business Wire
Date:Feb 5, 2008
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